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Bullboard - Stock Discussion Forum Fairfax Financial Holdings Ltd FAXXF


Primary Symbol: T.FFH Alternate Symbol(s):  FRFHF | T.FFH.PR.C | FXFLF | FRFZF | T.FFH.PR.D | FRFGF | T.FFH.PR.E | FXFHF | T.FFH.PR.F | FAXRF | T.FFH.PR.G | T.FFH.PR.H | FRFXF | T.FFH.PR.I | T.FFH.PR.J | T.FFH.PR.K | FRFFF | T.FFH.PR.M | FFHPF

Fairfax Financial Holdings Limited is a Canada-based holding company. The Company, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management. The Company’s segments include Property and Casualty Insurance and Reinsurance, Life insurance and Run-off and Non-insurance companies. The Property and Casualty Insurance and... see more

TSX:FFH - Post Discussion

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Post by retiredcf on Jun 20, 2022 9:06am

NR

08:42 AM EDT, 06/20/2022 (MT Newswires) -- JAB Holding Company and Fairfax Financial Holdings (FFH.TO, FFH-U.TO) on Monday announced that JAB's pet insurance business will acquire all of Fairfax's interests in the Crum & Forster Pet Insurance Group and Pethealth Inc., including global operations. Fairfax will also make a $200 million investment in JCP V, JAB's latest consumer fund.

Fairfax will receive $1.4 billion in the form of $1.15 billion cash and $250 million in seller notes, JAB's combined global pet insurance and ecosystem platform will be estimated to have gross written premiums and pet health services revenues of over $1.2 billion by 2023, insuring more than 2.1 million pets. C&F Pet insures over 500,000 pets and markets or serves as underwriter for numerous brands. Pethealth provides wellbeing and safety solutions to shelters and pet owners under the 24Pet brand, which includes the 24Petwatch Registry with over 20 million registered pets.

The transaction is expected to close in the second half of 2022.

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